Post Tagged with: "mortgages"

5 Reasons It’s Still Better To Rent

5 Reasons It’s Still Better To Rent

The economy and personal finance are moving targets and that makes conventional wisdom a rear-facing metric. One topic that goes a long way back in conventional thinking is the concept of owning a home. For most people the conventional wisdom we carry around in our heads about homebuying dates back to the 40s and 50s. The average person will only[Read More...]

August 19, 2014 Personal Finance
4 Reasons the American Dream of Owning a Home is Becoming the American Nightmare

4 Reasons the American Dream of Owning a Home is Becoming the American Nightmare

This Winter put a damper on the economy, which is pretty amazing when you think about it. Even in the absence of epic snowstorms and traffic-snarling ice, winter has never been a good time for the housing market. No one really feels like trudging through snow to look at houses, especially when the kids are in school and everyone is[Read More...]

May 1, 2014 Personal Finance
Another Housing Bubble?  Maybe Something Worse…

Another Housing Bubble? Maybe Something Worse…

One of the frustrating things about personal finance is watching people, smart people, make the same mistakes over and over. Those bad decisions happen at the personal level, then bubble up to the macro statistical level, where they morph together to influence broad economic trends. That’s why I was shocked, but not surprised, to find that consumers are once again[Read More...]

April 24, 2014 Personal Finance
Reverse Mortgages Are Jumping the Shark

Reverse Mortgages Are Jumping the Shark

You’ve probably seen the television commercials.  The likes of Alex Trebek, former Senator Fred Thompson, Henry Winkler, and Pat Boone are featured, all telling you with a concerned look — followed by lots of smiles — that reverse mortgages may be right for you.  Yes, you, Mr. and Mrs. Retired American. Who wouldn’t believe the Fonz?  And surely the man[Read More...]

March 31, 2014 Personal Finance
Protect Yourself — The Dark Side of Reverse Mortgages

Protect Yourself — The Dark Side of Reverse Mortgages

You see them on TV — the parade of “B” actors talking in smooth, reassuring tones about how great a reverse mortgage can be. If it’s such a great deal, then why do they need Robert Wagner to sell you on it? While a reverse mortgage can be a lifeline for some, according to the AARP nearly 1 in 10[Read More...]

February 17, 2014 Personal Finance